PGGM Investments Decreases Stock Position in The Hain Celestial Group, Inc. $HAIN

PGGM Investments reduced its holdings in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 95.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 189,734 shares of the company’s stock after selling 3,994,120 shares during the quarter. PGGM Investments owned 0.21% of The Hain Celestial Group worth $203,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Coldstream Capital Management Inc. purchased a new position in shares of The Hain Celestial Group during the 3rd quarter valued at approximately $29,000. Thrivent Financial for Lutherans boosted its stake in shares of The Hain Celestial Group by 104.8% during the 2nd quarter. Thrivent Financial for Lutherans now owns 21,500 shares of the company’s stock valued at $32,000 after buying an additional 11,000 shares during the last quarter. Voleon Capital Management LP purchased a new position in shares of The Hain Celestial Group during the 3rd quarter valued at approximately $43,000. Wealth Enhancement Advisory Services LLC boosted its stake in shares of The Hain Celestial Group by 26.1% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 41,118 shares of the company’s stock valued at $65,000 after buying an additional 8,505 shares during the last quarter. Finally, Cetera Investment Advisers boosted its stake in shares of The Hain Celestial Group by 255.1% during the 2nd quarter. Cetera Investment Advisers now owns 43,876 shares of the company’s stock valued at $67,000 after buying an additional 31,521 shares during the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

The Hain Celestial Group Price Performance

Shares of HAIN opened at $0.78 on Tuesday. The business’s fifty day moving average price is $0.76 and its 200 day moving average price is $0.96. The Hain Celestial Group, Inc. has a 12-month low of $0.55 and a 12-month high of $2.17. The stock has a market capitalization of $70.21 million, a PE ratio of -0.14 and a beta of 0.61.

The Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings data on Monday, May 11th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.01. The Hain Celestial Group had a negative return on equity of 3.52% and a negative net margin of 35.47%.The firm had revenue of $338.36 million for the quarter, compared to analysts’ expectations of $341.99 million. As a group, research analysts anticipate that The Hain Celestial Group, Inc. will post -0.16 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on HAIN shares. Weiss Ratings cut The Hain Celestial Group from a “sell (e+)” rating to a “sell (e)” rating in a research note on Wednesday, May 20th. Zacks Research upgraded The Hain Celestial Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 4th. William Blair cut The Hain Celestial Group from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 9th. Barclays cut The Hain Celestial Group from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $1.50 to $0.50 in a research note on Monday, March 16th. Finally, Wall Street Zen upgraded The Hain Celestial Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Six analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $1.26.

The Hain Celestial Group Profile

The Hain Celestial Group, Inc (NASDAQ: HAIN) is a leading global producer and marketer of natural and organic branded products. The company operates through two principal segments—Grocery and Personal Care—offering a diversified portfolio that spans shelf-stable foods, snacks, beverages, condiments and natural personal care items. Its product lineup addresses growing consumer demand for clean-label, plant-based and ethically sourced offerings in everyday categories.

Within its Grocery segment, Hain Celestial markets well-known brands such as Celestial Seasonings teas, Earth’s Best organic baby foods, Rudi’s organic bakery items, Terra vegetable chips and Sensible Portions snacks.